This book analyzes the impact of the global financial crisis and the Great Recession on the Asian economy. Dilip K. Das delves into the most significant and germane issues related to the Asian economy during the crisis, how it coped with them and how it eventually emerged from them.

The book is a key reading which provides a comprehensive and systematic overview of the contemporary Asian economy. The book focuses on the structural changes that are rapidly transforming the regional economic landscape in the 21st century. It highlights the concomitant challenges that have arisen, and further discusses prospects and potentialities of Asian economies given this new economic environment. The book also looks at broader social issues that are both the cause and result of these new and complex economic dynamism in Asia. Understanding the Asian economy cannot be achieved without understanding the new interrelationships and complexities that have evolved from this context, which continue to be driven by drastic changes in technological, demographic, and social structures, among others. Each of the chapters are titled based on "issues" and are framed in present continuous tense, intended to capture and emphasize the progressiveness of this new dynamism that are transforming the region in a fundamental way.

Topicality of Asian economy has refused to fade for almost four decades; if anything it has been levitating. The Asian economy has changed markedly since the economic and financial crisis of 1997-1998 and is continuing to evolve. As a scholarly subject matter, Asian economy has not stopped attracting academicians, policy mandarins, decision makers in the arena of business and students of Asian economy. The Asian crisis was a cataclysmic event for the region and brought to the surface several systemic limitations, like those in the financial sector, corporate governance, regulatory oversight, legal framework, and exchange rate management. Managers of Asian economy need to get to the bottom of these acutely problematical systemic issues. Additionally, Asian economies need to change with the demands of time and devise their post-crisis development strategy. Asia’s growth model, that served it so well for four decades, is overdue for renewal so that it can re-strengthen its bonds with the ever-evolving regional and global economic reality. The old growth model is likely to be less relevant and effective in the post-crisis future of the Asian economies. It is sure to run into the wall of diminishing returns. An outstanding feature of Asian Economy and Finance: A Post-Crisis Perspective is that unlike most Asia-related books, it is written in a comprehensive and authoritative manner and covers large areas of Asian macro-economy and finance. The noteworthy areas of focus include global and intra-regional trade and investment, as well as financial and monetary aspects. In-depth discussions have been provided on regional integration through expanding trade, financial flows, regional production networks, financial and monetary co-operation. In taking a contemporary or post-crisis view of the Asian economy, this book offers the newest knowledge related to relevant themes on the Asian economies as well as the latest concepts. In a succinct manner, this book deals with the principal normative and positive strands with which one need to be properly familiar in this subject area. This tightly written volume covers a great deal of ground and imparts knowledge on the Asian economy related themes to students, researchers and policy makers alike. Asian Economy and Finance: A Post-Crisis Perspective is neither overly technical nor model-oriented. It is easy to access for the target readership because of its descriptive analysis style, which stops short of mathematical formulations and econometric modeling. Many students and other readers who have good analytical minds and sound knowledge of economic principles feel lost in mathematical formulations. This writing style makes it accessible to a much larger number of readers.

The authors analyze the reasons why the crisis affected the nations of Asia in radically different ways. They also consider whether the crisis indicates a radical change in Asia's economic future.

An insightful and thorough exploration of the economies of Asia In Asian Economies: History, Institutions and Structure, seasoned economist and professor Jamus Jerome Lim provides a comprehensive discussion and incisive analysis of the economies of Asia. In addition to discussing the sharp contrasts between the region’s three major economies—China, India, and Japan—Lim also provides an overview of the rise of the Dragon economies of the East, to the resource-rich economies of the West. The book adopts a unique approach to the treatment of these economies, weaving in aspects of these countries’ economic geography and history, their idiosyncratic institutions and structures, along with providing a comparative and international perspective. The book offers: Careful emphasis on the geographic preconditions and enduring legacy of economic history on the contemporary and future prospects of each of the countries and regions discussed within Examinations of the importance of the political and economic institutions, as well as market and industrial structures, in shaping the trajectories of the economies considered in the book Discussions of the dramatic differences and similarities between the Asian economies, as well as how these differences shape these economies’ interactions with the rest of the world Perfect for undergraduate and graduate students of economics, Asian Economies will also earn a place on the bookshelves of business and finance professionals seeking to understand the economies of the world’s most diverse and dynamic region.

"In this economic tour de force, a talented young Korean scholar, trained in the United States and tested in various international fora, highlights the dynamism being displayed in East Asia in some of the world's most fascinating economies. In this set of interrelated essays, Dr. Keun Lee of Seoul National University evaluates the development experiences not only of some of the world's fastest growing economies, like South Korea, Taiwan, and more recently China, but also contrasts their performances with the more lethargic or hesitant pace in North Korea and the former Soviet Union. His theme is that these East Asian economies have a common feature in the active if not dominant role of the state in setting and implementing economic direction. Yet the more dynamic entities have also relied heavily on market interaction as their engine of growth. What policy lessons can the slower growing economies learn from their more dynamic neighbors, and what are some implications for the global economy from this continuing interaction? Dr. Lee makes no prediction as to the emergence of a particular doctrine. What he sees is that state activism will continue to drive growth in this strategic world region.In this economic tour de force, a talented young Korean scholar, trained in the United States and tested in various international fora, highlights the dynamism being displayed in East Asia in some of the world's most fascinating economies. In this set of interrelated essays, Dr. Keun Lee of Seoul National University evaluates the development experiences not only of some of the world's fastest growing economies, like South Korea, Taiwan, and more recently China, but also contrasts their performances with the more lethargic or hesitant pace in North Korea and the former Soviet Union. His theme is that these East Asian economies have a common feature in the active if not dominant role of the state in setting and implementing economic direction. Yet the more dynamic entities have also relied heavily on market interaction as their engine of growth. What policy lessons can the slower growing economies learn from their more dynamic neighbors, and what are some implications for the global economy from this continuing interaction? Dr. Lee makes no prediction as to the emergence of a particular doctrine. What he sees is that state activism will continue to drive growth in this strategic world region."--Page 4 of cover.